Cabinet Minister Piyush Goyal interacts with Pharma industry, India recognized as world's pharmacy
By MYBRANDBOOK
Cabinet Minister Piyush Goyal interacted via video conferencing with the captains of the pharmaceutical industry, and office-bearers of the pharma associations. The meeting was attended by the Ministers of State HS Puri and Som Parkash, Secretaries of the Department of Commerce, and Pharmaceuticals, and officers from Departments of Commerce, Pharmaceuticals and Health.
During his interaction, Goyal lauded the pharma industry for making India proud, by rising to the occasion during the COVID crisis. He said that India has been recognised as the ‘Pharmacy of the World’, as over 120 countries got some essential medicines, during the last two months, including 40 of them getting them in the form of a grant, free of cost.
Goyal said that during the crisis, the officials of DGFT, MEA, Health and DoP have burnt the midnight oil to ensure that the export consignments are delivered at the earliest. The whole world appreciated India’s gesture, and this has swelled India’s goodwill and reputation.
He said that India had adequate production capacity and abundant stock of HCQ and PCM for its projected domestic requirements, and putting restrictions on their exports was to ensure that the medicines are made available to all the needy nations, and no unscrupulous element stocks them for unwarranted gains.
The pharma industry received accolades from the Minister for their extraordinary performance, in ensuring that the Country did not face any type of shortage of medicines during this period.
The Minister said that the anti-dumping investigation process has been expedited. The Minister said that in case of ongoing bilateral FTAs, if any roadblock or unfair competition is being noticed, the Government may be informed and prompt remedial action will be taken.
He said they should look at the large untapped market in Eastern Europe and Russia. Calling upon a collaborative route in the R&D efforts, Goyal said that academicians, universities, ICMR and the private sector should join hands.
Informing the gathering that the Government has decided to disinvest in certain pharma PSUs, the Minister invited the Indian companies to use PSUs for plug and play model of manufacturing. The Minister assured the industry that all suggestions presented in the meeting will be quickly examined and wherever required, the inter-ministerial consultations will be completed at the earliest.
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